Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Interest
Chainlink & Cosmos Investors Eye Pushd’s E-Commerce Platform: Stage 6 Presale Drawing to a Close with Record Interest
Pushd's presale is attracting Chainlink and Cosmos investors seeking to be part of the e-commerce revolution. The platform's strong presale performance suggests market confidence in its potential to disrupt the industry. It isn't simply entering the e-commerce scene; it's poised to be a game-changer. By aligning with the e-commerce visions of powerhouses mentioned previously, Pushd is pioneering a path toward a more innovative and dynamic future for blockchain and cryptocurrency. Invest in the Future of DeFi with Chainlink's Cutting-Edge Technology…
1 year ago
Venture Capital Interest in Bitcoin Startups Has Exploded: Research
Despite venture capital activity declining across the board, funding for Bitcoin startups more than quadrupled in 2023, according to a new report. Research from Trammell Venture Partners (TVP) shows that the number of Bitcoin-native pre-seed deals ballooned 360% last year, while the number of funded Bitcoin companies rose by 56.9%. VC Funding Explodes On Bitcoin As explained in TVP’s Friday report, a “Bitcoin native company” is a firm whose product’s success is mutually aligned with that of the Bitcoin network…
1 year ago
FTX Sells 30M SOL Tokens at 60% Discount, TAO Rival Sees Surging Investor Interest
The prominent cryptocurrency exchange FTX just finished selling off a significant amount of its Solana (SOL) holdings for about $1.9 billion. Approximately 25–30 million SOL tokens, a portion of a larger portfolio with a $2.6 billion value, were sold in this transaction. These tokens were offered for $64 each, a substantial 60% discount. On the other hand, investors have also noticed InQubeta (QUBE), a Bittensor (TAO) rival that generated over $13.4 million in token sales during its presale. InQubeta’s blend…
1 year ago
Crypto Funding Report Q1 2024: Venture Capitalists Show Increased Interest Following Bitcoin’s New ATH
The post Crypto Funding Report Q1 2024: Venture Capitalists Show Increased Interest Following Bitcoin’s New ATH appeared first on Coinpedia Fintech News In the first quarter of 2024, the crypto market began a notable upward trajectory, approaching a total market capitalization of $3 trillion. By the first quarter, the market experienced a significant surge, surpassing the peak prices of 2021, which rewarded the long-standing patience of investors and holders. The introduction of spot Bitcoin ETF trading and a substantial increase…
1 year ago
Solana Open Interest Drops $370 Million Amid Network Troubles, $200 Still Possible?
Amid the issues that continue to plague the network, the Solana open interest has seen a drop in the last week. This drop coincides with a decline in the cryptocurrency’s price, suggesting that investors may be getting wary of waiting for a fix to come through. Solana Open Interest Drops By $370 Million Solana saw its open interest rise steadily since the start of 2024, hitting an all-time high after an all-time high in the process. Between January and April,…
1 year ago
As Investors Draw Profit From Solana (SOL), These 2 Undervalued Cryptos Are Attracting Massive Interest
As traders try their luck in Solana (SOL), many eyes are turning towards undervalued cryptocurrencies set to take off. Between Pullix (PLX) and Brett (BRETT), buyers feel sure they’ve found the next big opportunity and are wasting no time cashing in. Certain analysts even hint that PLX is the best crypto to buy as it may experience a 50x surge in 2024. Crypto Tony: The Solana Price Will Pump Soon Recently, Solana (SOL) has been on an upward trajectory. CoinMarketCap…
1 year ago
Solana Stablecoin Supply Surpasses $3 Billion; Ripple and NuggetRush Gain Investor Interest
Solana’s stablecoin supply surges past the $13 billion milestone. NuggetRush allows its users to mine in different locations for valuable minerals. Ripple remains bullish despite its legal challenges with the SEC. Over the past week, the supply of stablecoins on the layer-1 blockchain network Solana (SOL) has surpassed $3 billion, having grown gradually since the start of the year. In the last three months, the stablecoin supply on the network has grown by 55.72% to reach $3.12 billion, according to…
1 year ago
Shiba Inu Overtakes Bitcoin and Ethereum in Trading Volume, Reflecting Growing Interest
Shiba Inu was the most traded coin on WazirX, the largest crypto exchange in India, beating out Bitcoin, which took second place. Bitcoin was the only non-meme coin in the top five, with the others being Pepe, Floki and Doge, showcasing just how big meme coins have been in this bull market. Shiba Inu was the most traded crypto on WazirX, India’s largest crypto exchange by trading volume, in the first quarter, beating Bitcoin and other meme coins. Meme coins…
1 year ago
Bitcoin’s Fate Hangs on Fed’s Interest Rate Decision: More Pain Ahead?
Federal Reserve officials, led by Chairman Jerome Powell, have cautioned for a careful consideration of rate cuts amid high inflation and jobs data. Despite growing institutional interest in Bitcoin, uncertainties surrounding interest rates impact its price, with recent comments from Powell leading to downward pressure. Federal Reserve officials, led by Chairman Jerome Powell, emphasized on Wednesday, April 3, the necessity for further deliberation before enacting any interest rate reductions. Although there has been speculation among financial analysts about potential rate…
1 year ago